The Canadian dollar benefited from another day of increased risk appetite to gain versus most of the 16 main traded currencies and trade near parity with its U.S. counterpart. Crude oil…
Posts published in “News”
New Zealand Performs Positively on Retail Sales
This Tuesday, a report posted in New Zealand surprised economists’ forecasts as retail sales in the South Pacific country came with better-than-expected growth, adding optimism to the already attractive kiwi, one of the best…
Bank of England Speculations Set Pound Down
The British currency is having another dark week losing versus its main rivals and also most of currencies traded in foreign-exchange markets as speculations that the national central bank may extend…
Will the Euro Be World’s New Reserve Currency?
The euro is putting pressure on the dollar and started another week gaining versus the greenback as speculations suggest that the U.S. dollar’s position as the main global reserve currency may be entering its…
Mexican Peso Climbs on Fiscal Reform
The Mexican peso managed to high the highest level in October after speculations suggested that the government will find the support needed to pass a budget reform in the country, helping the national currency to rally. Emergent…
Pound Declines Further on U.K. Economic Forecast
The pound touched the lowest level in more than six months versus the euro and posted declines versus virtually all main traded currencies as forecasts suggest that interest rates in the country will…
Yen Falls on Industrial Optimism in Europe
The Japanese currency started this week falling versus most of the 16 main traded currencies after one of the main European electronics producer posted unexpected quarterly profits, inducing traders to opt…
Australian Dollar Reaches 8-Week High vs. Yen
The Aussie rose to its mid-August highs against the Japanese yen today as the traders listened to the analysts’ speculations that the central bank has opened a carry trade opportunity with the interest rate hike.…
Global Recovery Signs Hurt Dollar
The U.S. dollar declined today against the euro and the other major currencies as the global economic recovery is looking more sound with the stock markets rising and the business/consumer confidence going up worldwide.…
Chilean Peso Extends Rally on Surplus
The Chilean currency was one of the few traded in foreign-exchange markets that managed to continue a rally versus the greenback, sparked yesterday by a wave of risk appetite that helped emergent market currencies…